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Friday, December 13, 2013

a Market- picker's market

A theme that we have commented on (see Here) over the past year has been a loosening of the tight correlation environment throughout the system. Markets that once galloped in unison have continued to walk with greater directional independence of their previous asset and intermarket relationships. From a long-term perspective this is a welcomed shift by market professionals and certainly considered more bullish than bearish.Having said that, if you've listened or read the financial news over the past decade you've likely often heard the wincing market adage, "It's a stock-picker's market". And although we would tend to agree with them more often these days, from a macro perspective it's actually become a market-pickers market.The bottom line is we still don't like Japan here, despite our more bullish leanings in other parts of the world.

N o rest for the weary – or the wicked, as the New Year gets quickly to the point with a few key economic data plots this week. Coming th...

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Disclaimer

This is not investment advice. Erik Swarts is not a registered investment advisor. Under no circumstances should any content from this website be used or interpreted as a recommendation for any investment or trading approach to the markets. Trading and investing can be hazardous to your wealth. Any investment decisions must in all cases be made by the reader or by his or her registered investment advisor. This is strictly for educational purposes only.